Datavault AI Inc. (NASDAQ: DVLT) announced it executed a non-binding term sheet on May 30, 2026, for a potential $2 billion structured financing transaction. The company would issue shares at $1.55 to $2.00 per share to an institutional investment fund and a UK-based regulated investment platform in exchange for preferred units in a vehicle holding fixed income securities valued at approximately $2 billion.

Under the agreement, the counterparty committed to route all global digital asset tokenization and blockchain infrastructure projects exclusively through Datavault AI's platform. The transaction is structured across four tranches of up to $500 million each, with the initial tranche targeting completion by the third quarter of 2026.

Upon completion of all tranches, the counterparty would gain sufficient voting power to elect a majority of Datavault AI's nine-member board of directors. The company must fund $25 million in administrative and structuring costs for each tranche, with the first payment due by June 4, 2026.

The proposed transaction remains subject to definitive agreements, due diligence completion, shareholder approval, regulatory clearances, and other closing conditions. The term sheet does not obligate parties to complete the transaction and may be terminated at any time.

Datavault AI reported first-quarter 2026 revenue increased 443% year over year and maintains a full-year revenue target of at least $200 million. The company operates data monetization and real-world asset tokenization technologies, with operations in Philadelphia.

The financing would support deployment of the company's SanQtum network toward approximately 48,000 GPUs across 100 U.S. cities and acceleration of its exchange platforms. Information in this article is based on the company's press release statement.